ASSESSMENT OF THE OPTIMUM PARTICIPATION LEVEL IN MINING PROJECTS: RISKS AND UNCERTAINTIES

Alexandre de Cássio Rodrigues, Tiago Silveira Gontijo, Filipe Queiroga Figueiredo, Cristiana Fernandes De Muylder

Resumen


By and large, mining projects involve uncertainties and risks, and also require huge investments, which can consume the entire budget of a company. In this context, creating partnerships can make these projects execution easier. In this study the optimal level of participation of a granite mining project was assessed. The project presents the risk of financial losses due to uncertainties related to the initial investment, the selling price and cost of mineral production. The uncertainties were measured through Monte Carlo simulation to get the project risk. In such case, the optimal level of participation in the project is determined by maximizing the utility function. The obtained results show that the creation of partnerships can help the project accomplishment and may not require all the company’s budget and consequently allowing for new investments.

Palabras clave


mining projects; uncertainties; risks

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